Auction by: Maltz Auctions

Bankruptcy Sale – Seeking Offers

Impressive Three Story Brick Building – Former Hall of Records for Metropolitan Life Insurance Company


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Bankruptcy Sale – United States Bankruptcy Court Southern District of New York


144,000+ Sq Ft Building – Luxury Condo Conversion (70% Complete)

Seeking Offers for Immediate Sale


  • 759 Palmer Avenue, Yonkers, Westchester County, NY 10708
  • “Bronkers” Neighborhood, Near the Bronxville Train & Retail District
  • Impressive Three Story Brick Building – Former Hall of Records for Metropolitan Life Insurance Company
  • Mid-Conversion to Luxury Residential Units – Appx 70% Complete
  • 35 Units Ranging from 1,776 – 4,399 Sq Ft
  • Planned Amenities: Two Level Indoor Parking Garage, Indoor Pool, Rooftop Lounge Area, Movie Theater, Fitness Center, Concierge & More
  • Less Than One Mile to Bronxville Train Station (28 Minute Ride to Grand Central Station)
  • Immediate Local Highway Access to Sprain Brook Parkway, New York State Thruway, Bronx River Parkway, Saw Mill River Parkway & Cross County Parkway
  • Additional Information:
  • Gross Building Area: 144,258 Sq Ft
  • Net Rentable Area: 105,346 Sq Ft
  • Gross Site Area: 1.01 Acres
  • Originally Built 1906 & 1927
  • Renovation Performed 2013-2018 (Current State)
  • Zoning: MG (Residential – Low Density)
  • Property Type: Multi-Family (Condominium Lofts)
  • Flood Zone X
  • Section: 5  Block: 5638;  Lot: 48
  • Annual Real Estate Taxes: $133,765
  • Offering Memorandum and Additional Information Available Upon Completion of the Confidentiality Agreement – Click Here
  • Seeking Offers for Immediate Sale – Click Here for Offer Submittal Form


Viewings: Available by Appointment Upon Request. Please Contact David Constantino at 516.349.7022 x 204 to Schedule.



Fred Stevens, Chapter 11 Trustee
Klestadt Winters Jureller Southard & Stevens, LLP, Attorneys for the Chapter 11 Trustee
 Richard B. Maltz, Licensed Real Estate Broker

The Real Property is being sold “AS IS” “WHERE IS”“WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, other than Permitted Encumbrances (as that term is defined within the Sale Agreement), with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their bids. Neither Maltz, the Trustee nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, the Trustee, or their professionals.  The Real Property will be sold subject to any and all violations or conditions requiring corrective action.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Property.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.